Northstar Location Services ** Settlement ** Good?
Date: Fri, 07/17/2009 - 09:31
Northstar Location Services ** Settlement ** Good?
Anyway, the lady Anne was VERY nice. She asked for a settlement amount of $4600.00. I told her I cannot afford that. I offered $1500.00 for July & $1500.00 for August. She said they would rather a payment in full. She asked that I could afford. I said $2600.00 but that was it. Nothing more. She said she will discuss it with BOA and get back to me. She did say she is almost positive that they will accept the payment.
IF she says YES, which I think she will - do I do it??? Do I pay her? If YES, what do I ask for in writing? I want something saying my payment of $2600 takes care of my $9500 debt in full. I do not want to have the "balance" sold.
What do you guys think?
Yes, if the BOA agrees to settle for the amount for less, you sh
Yes, if the BOA agrees to settle for the amount for less, you should always get it in writing as a proof. This is because if the agreement is oral, there is every possibility that they may sell the balance to a collection agency, who will again harass you for the payment of the balance portion of the debt.
The person I am dealing with is Northstar, which is a collection
The person I am dealing with is Northstar, which is a collection agency. BoA won't talk to us, they transfer us right to this other company. So in essence, everything is going through Northstar. Do you still think it's good to settle with Northstar if I get everything in writing?
Dont trust those scums. Youll only save cash by paying a lawyer.
Dont trust those scums. Youll only save cash by paying a lawyer....
Quote:Originally Posted by melissametronjThe person I am dealing
Quote:
Originally Posted by melissametronj The person I am dealing with is Northstar, which is a collection agency. BoA won't talk to us, they transfer us right to this other company. So in essence, everything is going through Northstar. Do you still think it's good to settle with Northstar if I get everything in writing? |
if you get everything in writing about the 2600 settling the account.then hellz yeah take it.
Quote:Originally Posted by AnonymousDont trust those scums. Youl
Quote:
Originally Posted by Anonymous Dont trust those scums. Youll only save cash by paying a lawyer.... |
nonsense.this must be a lawyer.everyplace has their days where they are good to deal with.the settlement is great if they get it in writing.
North Star Location is the collection agent for Capital One Auto
North Star Location is the collection agent for Capital One Auto Finance. Capital One will transfer you right to them with out saying a word. They also tact on an extra $500.00 plus $1,000 on to the debt you owe captial one. They say they only get a percent of the the account collected, don't believe it. Its all in the cost of clearing up the account debt with Capital One Auto Finance. I would really like to see if the balance is really forwarded to Capital One. Most cases the account was charged off. So really they make all the cash collected from you. So hold your hands up......you been robbed legally.